BP CEO: Some of the 100,000 barrels per day of Iraqi production lost due to disruptions in the Strait of Hormuz has been recovered.

1. Investment banks are largely in agreement: the interest rate will remain at 1.25% in October, with no consecutive rate hikes. 2. Investment banks are divided: will the next rate hike occur in December 2026 or January 2027? 3. Has core inflation reached 2%? Will the Bank of Japan's policy statement explicitly state that core inflation has reached 2%, and will it more clearly signal a December rate hike? 4. Will there be dissenting votes? Will any member of the Monetary Policy Committee advocate for this rate hike? Research institutions believe that Hajime Takada is the most likely to vote against the rate hike. 5. Adjustments to economic forecasts: Pay attention to whether the economic growth and inflation forecasts for fiscal years 2026 and 2027 in the quarterly economic outlook report are adjusted. 6. Neutral interest rate and the end of the rate hike cycle: Pay attention to how Kazuo Ueda answers questions about the neutral interest rate level and the end of this rate hike cycle at the press conference; will he signal a quarterly rate hike?

US Dollar: 1. US inflation accelerated in September, fueling expectations of a December rate hike by the Federal Reserve. 2. US third-quarter economic growth reached 3.4%, exceeding market expectations. 3. US President Trump: From a GDP perspective, this is a good morning. 4. White House National Economic Council Director Hassett: GDP growth is moving towards 4%. If October inflation is indeed high, the Federal Reserve may take action. Euro: 1. The European Central Bank kept interest rates unchanged, and financing conditions have tightened somewhat. 2. ECB President Lagarde will step down early on February 7, 2027. 3. The Eurozone's October economic sentiment index was 96.9, below the expected 97.5 and the previous value of 97.9. Other: 1. Reuters poll: Bullish positions on the South Korean won rose to a six-week high. 2. The Russia-Ukraine conflict impacted the economy, and the Central Bank of Ukraine raised interest rates by 50 basis points. 3. Reuters poll: Bearish bets on the Indonesian rupiah rise to their highest level since early July. 4. Reuters poll: Brief commentary on the Philippine peso's mid-September high. 5. Central Bank of Azerbaijan: Azerbaijan's strategic foreign exchange reserves increased by $4.3 billion to $89.4 billion (from $85.1 billion at the beginning of the year). 6. Bank of Japan Decision—① The Bank of Japan agreed by an 8-1 vote to maintain the interest rate at 1.25%. ② The Bank of Japan accelerated the sale of ETFs, increasing the annual sales volume to 860 billion yen. ③ The Bank of Japan raised its core CPI forecast for next year and its GDP growth forecast for this year. ④ Kazuo Ueda: Core CPI inflation is generally in line with the 2% price stability target, but the Bank of Japan has not yet declared that it has achieved its inflation target, as it is important that inflation remains stable and sustainable around 2%.